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Bank Armegeddon

Bank Armageddon: The FDIC is Strapped for Cash

by Moe Bedard

The Federal Deposit Insurance Corp (FDIC) looks to be strapped for cash. Just like the banks and the American people for which their cash, they protect. It looks like they’re following in the footsteps of Bear Stearns, Freddie and Fannie because now the FDIC may seek to borrow money from the Treasury Department AKA the [...]

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